Latest BENQI Liquid Staked AVAX (sAVAX) Price Analysis

TLDR BENQI Liquid Staked AVAX (sAVAX) rose 3.88% over the last 24h, outperforming its 7-day (+2.55%) and 30-day (+0.07%) trends. The move coincided with bullish technicals and ecosystem developments. Key drivers:

1. Avalanche-Visa integration – sAVAX added as spendable asset (Visa)
2. Technical breakout – MACD bullish crossover and RSI momentum
3. TVL growth – 15.66M AVAX staked (+64K users)

Deep Dive

1. Avalanche-Visa Card Launch (Bullish Impact)

Overview: Avalanche and Visa launched a crypto card on October 25, 2024, enabling users to spend sAVAX alongside USDC and wAVAX. The card’s non-KYC model and broad Visa acceptance expand real-world utility.

What this means: Direct spending use cases reduce idle sAVAX holdings, incentivizing new staking demand. Increased visibility via Visa’s 130M merchant network could attract institutional liquidity.

What to look out for: Adoption metrics from Rain Liquidity (card issuer) and sAVAX wallet growth.

2. Technical Momentum (Bullish Impact)

Overview: sAVAX broke above its 30-day SMA ($28.92) and EMA ($28.23), with a bullish MACD histogram (+0.04). RSI-7 at 55.32 shows room for upside before overbought territory (70).

What this means: The 23.6% Fibonacci retracement level ($31.27) is now key resistance. A sustained close above $30.11 (38.2% Fib) could target $33.16 (swing high).

What to look out for: Volume trends – 24h turnover of 0.56% suggests moderate liquidity to sustain gains.

3. Staking Growth & DeFi Integrations (Bullish Impact)

Overview: BENQI’s July 2025 report showed 15.66M AVAX staked (+64K users), while sAVAX recently launched on Silo Finance (95% LTV) and Aave V3 for leveraged yield strategies (BENQI).

What this means: Higher TVL reduces sell pressure by locking AVAX, while DeFi integrations boost sAVAX’s yield utility. Capital efficiency narratives (e.g., “stake once, use everywhere”) align with Avalanche’s institutional push.

Conclusion

sAVAX’s rally reflects Visa-driven utility expansion, technical momentum, and reinforced staking demand. While bullish, watch the $31.27 Fib level for profit-taking signals and monitor whether Visa card adoption translates to sustained TVL growth.

Key watch: Can sAVAX hold above $30.11 (38.2% Fib) to confirm a new bullish phase?

Deep Dive

1. Market dynamics

Crypto markets fell 4.88% weekly, with Bitcoin dominance rising to 61.45% (up 0.93% monthly). The Altcoin Season Index sits at 38/100, signaling capital rotation toward safer assets. sAVAX’s -14.8% weekly drop aligns with AVAX’s -15.2% decline, reflecting Avalanche ecosystem pressure.

2. Technical context

• Bearish momentum: Price ($25.99) sits below all key moving averages (7-day SMA $28.4, 200-day EMA $27.62), with MACD line (0.567) below signal line (1.26)
• Oversold bounce potential: RSI7 at 25.9 suggests exhaustion, but Fibonacci support at $23.86 (78.6% retracement) remains 8.2% below current price
• Volume divergence: 24h trading volume surged 78% to $6.6M during the dip, suggesting capitulation

3. Supporting factors

Protocol metrics remain robust with 15.66M AVAX TVL (BENQI) and 64,005 stakers as of July 31. However, new integrations like Silo Finance’s 20x leverage for sAVAX (July 27) failed to counter macro sentiment.

Conclusion

sAVAX faces technical and macro headwinds despite strong onchain fundamentals, with traders monitoring whether RSI divergence can spark a relief rally. Will Avalanche’s ecosystem growth outpace the broader market’s risk aversion this quarter?